Hi all,
This is my second Idea, any feedback is welcome:
I think there is a pennant consolidating on 1 hour chart after a big bullrun. Price is floating around fib retracement (3175 Satoshi) right now and looking to breach paattern.
If breakout confirms with volume, first target would be around 4330 Satoshi at 0.618 fibunacci projection.
Although the flag and 1.0 fib projection is at 5100 Satoshi, I'd set T2 little beneath psychological barrier of 5000 Satoshi.
Stop loss if it breaches 0.5 FIb retracement, around 2894 Satoshi.
Looking forward to your opinions!
This is my second Idea, any feedback is welcome:
I think there is a pennant consolidating on 1 hour chart after a big bullrun. Price is floating around fib retracement (3175 Satoshi) right now and looking to breach paattern.
If breakout confirms with volume, first target would be around 4330 Satoshi at 0.618 fibunacci projection.
Although the flag and 1.0 fib projection is at 5100 Satoshi, I'd set T2 little beneath psychological barrier of 5000 Satoshi.
Stop loss if it breaches 0.5 FIb retracement, around 2894 Satoshi.
Looking forward to your opinions!
Trade active:
1h candle closed above key line and 2 green bars on AWO/5/34
Trade closed: stop reached